qna on Nostr: Pretty good privacy flow that covers *most* average Bitcoin use cases 👇 BUY 🤖 - ...
Pretty good privacy flow that covers *most* average Bitcoin use cases 👇
BUY 🤖 - For use when you want to obtain sats that are not tied to your personal identity #noKYConly
➡️ Robosats Trade > Use proxy invoice when withdrawing to own your node > Accumulate/spend from own node.
SPEND 🪙 - For use when you want to use Bitcoin as money
➡️ Not too much to say here, LN has good base level sender privacy when using your own node.
STORE 🧊 - For use when your node balance gets close to channel capacity, or to a value that you want to move to cold storage
➡️ Carry out atomic swap on something like https://boltz.exchange (use the .onion address) to go from your Lightning channel balance, straight to an address controlled by your hardware wallet. Boltz has a 0.5% service fee, plus you'll of course need to pay miner fees, which are negligible at the time of writing.
NOTES 📔
🟧 Your purchase sizes are limited by your inbound liquidity. Plan ahead!
🟧 If you don't want to or can't run a node, swap out that step for a ZEUS (npub1xnf…lpr5) Olympus channel with a lightweight node on your phone. I recommend Zeus because spends from there are more private than in Phoenix due to client side path finding
🟧 When using the proxy invoice feature in Robosats, you may need to adjust routing fee and proxy provider allowances slightly
Happy to take questions or comments. Put down the CashApp and give it a go anon, I dare you!
BUY 🤖 - For use when you want to obtain sats that are not tied to your personal identity #noKYConly
➡️ Robosats Trade > Use proxy invoice when withdrawing to own your node > Accumulate/spend from own node.
SPEND 🪙 - For use when you want to use Bitcoin as money
➡️ Not too much to say here, LN has good base level sender privacy when using your own node.
STORE 🧊 - For use when your node balance gets close to channel capacity, or to a value that you want to move to cold storage
➡️ Carry out atomic swap on something like https://boltz.exchange (use the .onion address) to go from your Lightning channel balance, straight to an address controlled by your hardware wallet. Boltz has a 0.5% service fee, plus you'll of course need to pay miner fees, which are negligible at the time of writing.
NOTES 📔
🟧 Your purchase sizes are limited by your inbound liquidity. Plan ahead!
🟧 If you don't want to or can't run a node, swap out that step for a ZEUS (npub1xnf…lpr5) Olympus channel with a lightweight node on your phone. I recommend Zeus because spends from there are more private than in Phoenix due to client side path finding
🟧 When using the proxy invoice feature in Robosats, you may need to adjust routing fee and proxy provider allowances slightly
Happy to take questions or comments. Put down the CashApp and give it a go anon, I dare you!